The Government of Turkey has ordered the seizure of “suspicious assets” associated with bankrupt cryptocurrency exchange FTX.
The country's Financial Crimes Investigation Board says it is preparing to “confiscate the suspicious (crypto) assets” that it believes people were trying to launder or hide within the Turkey’s financial system.
Turkish authorities say they have been investigating since November 14 the collapsed exchange's local unit called “FTX Turkey.”
The investigation has determined that there is “a strong suspicion of crime” being committed by FTX Turkey, said the Turkish financial regulator.
It is not clear what the value of any FTX assets seized in Turkey would be.
Lawyers in U.S. bankruptcy court said earlier this week that they are scrambling to find and secure FTX assets, noting that most of the company’s cryptocurrency holdings have been lost or stolen.
